Currency Risk for Business
10 articles
Dubai Court Hits Banks with AED 4 Million Cyber Fraud Penalty
Emirates NBD and Commercial Bank of Dubai must pay over AED 4 million to Al Tijaria Real Estate after a cyber fraud case. The ruling exposes persistent gaps in digital payment security and cross-border banking oversight.
Emirates NBD Egypt pushes digital banking for corporate clients
Emirates NBD Egypt is rolling out new banking services for companies, aiming to speed up cash flow and simplify trade finance as regulatory shifts reshape the market.
Ajij Steel lands SAR 75 million Islamic loan from Abu Dhabi bank
Ajij Steel, part of National Building and Marketing, clinched a SAR 75 million sharia-compliant loan from First Abu Dhabi Bank for working capital. The five-month deal puts Islamic finance at the center of Saudi industrial funding.
Emirates NBD opens VIP Privilege banking to all business clients
Emirates NBD has launched its VIP Privilege program for business banking, offering exclusive benefits, preferential rates, and a Visa Infinite Business debit card to all eligible clients who meet annual points requirements
Mashreq Egypt wins top award for digital corporate banking innovation
Mashreq Egypt has secured the 2026 Excellence in Corporate Digital Banking award for its ongoing investment in digital services for businesses, highlighting the bank's push to simplify and modernize corporate banking in Egypt
CIB Egypt funds Turkish textile group with $80 million loan
CIB Egypt is lending $80 million to EMS Eroglu Knitting to help expand its textile complex in Qantara West. The deal targets export growth and thousands of new jobs, giving a lift to Egypt's industrial sector.
EverBank Merger Deal Reshapes US Banking Landscape
A $3.9 billion merger between EverBank Financial Corp and WaFd Inc. will create a combined bank with $75 billion in assets and over 250 branches, aiming to boost profitability and expand commercial banking services across the United States
Major Banks Adopt Ant International's FalconTST 2.0 for FX Risk
Barclays, Citi, Deutsche Bank, and Standard Chartered are now using Ant International's FalconTST 2.0 AI platform to improve forecasting and manage currency risk in cross-border payments, with new features designed to address real-world data challenges
Bank of America Invests $1.9bn in India's Jio Credit Joint Venture
Bank of America will acquire up to 49.9% of Jio Credit, the digital lending arm of Jio Financial Services, in a deal valued at $1.9 billion, aiming to expand digital lending in India and reshape the country's financial services landscape
Belize Bank Modernises Digital Services with Backbase Banking OS
Belize Bank is overhauling its digital banking by integrating Backbase's AI-native Banking OS, aiming to streamline customer onboarding, unify business cash-flow visibility, and strengthen fraud prevention and identity verification